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TikTok is shutting down its $2 billion Creator Fund, a 2020 initiative designed to help pay eligible users making content on the app, a spokesperson for the platform confirmed Monday.
Creators previously told Fortune that they were paid “mere pennies” by the Creator Fund for TikTok videos that garnered hundreds of thousands, and sometimes millions of views per month. In ...
When TikTok launched the Creator Fund in July of 2020 with $200 million, the company said it aimed to “support ambitious creators who are seeking opportunities to foster a livelihood through ...
TikTok Ltd was incorporated in the Cayman Islands and is based in both Singapore and Los Angeles. [13] It owns four entities that are based respectively in the United States, Australia (which also runs the New Zealand business), United Kingdom (also owns subsidiaries in the European Union), and Singapore (owns operations in Southeast Asia and India).
In August 2021, YouTube released the YouTube Shorts fund, a system in which the top Shorts creators could get paid for their work. YouTube described this as a way to "monetize and reward creators for their content" and said it would be a $100 million fund distributed throughout 2021 and 2022, similar to TikTok's $1 billion creator fund. [23]
The creator economy or also known as creator marketing and influencer economy, is a software-driven economy that is built around creators who produce and distribute content, products, or services directly to their audience, leveraging social media platforms and AI tools. [1]
TikTok's creator fund launched at $200 million and is expected to "grow to over $1 billion in the U.S. in the next 3 years, and more than double that globally," TikTok said in a July 2020 blog ...
Zhang Yiming (Chinese: 张一鸣; born April 1, 1983) is a Chinese Internet entrepreneur.He founded ByteDance in 2012, developed the news aggregator Toutiao and the video sharing platform Douyin (internationally known as TikTok).